SEC Form 4 · accession 0001654954-19-000717
PEDEVCO CORP · PED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon G Kukes
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jan 11, 2019
Accepted (ET)
Jan 23, 2019 · 6:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001141197
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 525,000 | D | ||
| Common Stock | holding | — | — | — | 3,000 | I | By Spouse | |
| Common Stock | holding | — | — | — | 7,337,618 | I | Through SK Energy LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NoteF1 | $1.50 | Jan 11, 2019 | A | — | A | Jan 11, 2019 | Jan 11, 2022 | Common Stock | 10,000,000 | — | I |
Explanation of responses
- F1The terms of the Convertible Promissory Note are described in greater detail in the Form 8-K filed by the Issuer with the SEC on January 14, 2019. The conversion of the Convertible Promissory Note is subject to a 49.9% conversion limitation (for so long as SK Energy or any of its affiliates holds such note), which prevents the conversion of any portion thereof into common stock of the Issuer if such conversion would result in SK Energy beneficially owning (as such term is defined in the Securities Exchange Act of 1934, as amended) more than 49.9% of the Issuer's outstanding shares of common stock.